Overconfidence is a killer. It can ruin people just when they have started doing well, and finish people off before they can even get started. It can turn the want to succeed into the desire to chase short term gratification. It retards a person’s ability to think through all possible outcomes of their actions and can act as blinders at times a person needs a wider focus and larger perspective. It can cause a person to become hesitant and gun shy as a result of losing gains once made, sapping a person of their ability to regain a healthy level of confidence and striking a proper balance there.
Get a total picture of Chinese entrepreneurship in a large history context. What has been going on in Communist China since 1949? What is really behind China's politics, business, economy and international relations? Will China's communist corruption going to ruin the nation in light of global financial crisis? Get powerful reviews from a new posting by provocative Chinese theorist George Zhibin Gu of World Association of International Studies at Stanford University.